ITM Ch 12 Flash Cards

2
Q

Name Type of Decisions

A

Unstructured,Structured,Semistructured.

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3
Q

Characterize Unstructured Decisions and give example.

A

Non-Routine,requires evaluation and insight, no procedure or set rules for evaluation.Usually Performed by upper Management.5-10 year market expanding plan.

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4
Q

Characterize Structured Decisions and give and example.

A

Repetitive and routine, set procedures and usually have happened before.example overtime pay, inventory levels.

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5
Q

Characterize Semistructured Decisons

A

Contains a combination of Structured and Unstructured..most decisions in a company are semistructured.

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6
Q

Outline the steps of Decision-Making Process

A

Intelligence,Design,Choice,Implementation.

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7
Q

Intelligence

A

Discovering and identifying the problem.Evaluates why ,where a problem occurs and how affects the company.

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8
Q

Design

A

Explores ways of finding solutions for the problem

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9
Q

Choice

A

Choosing the right solution.

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10
Q

Implementation

A

Picking the solution and testing for ability to fix the problem and effectiveness

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11
Q

Describe Classical Model of Management

A

Planning,Organizing,Coordinating,Deciding and Controlling. Implemented in 1920 and still very popular

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12
Q

What do Behavioural Models State?

A

Managers behaviour is less reflective more reactive,less organized,less systematic more informal.

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13
Q

What do Managerial Roles mean?

A

Expectations and activities of a manager in a company.

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14
Q

What best describes managers as head of companies or representatives in outside world?

A

Interpersonal Roles.

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15
Q

Managers process a lot of information and relay it to all the affected parties . This best describes managers as ?

A

Information Roles.

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16
Q

Managers Ability to make Decisions.

A

Decision Role.

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17
Q

Name 2 Factors that help make informative and educated real world decisions.

A

Information Quality and Management Filters.

18
Q

What does Management Filter do ?

A

Prevents irregularities and raises red flags if decisions made by managers are too risky.

19
Q

What are the benefits of data visualization tool?

A

Helps users see patterns and relationships in large sets .

20
Q

Name information system that shows problems using maps or geographical approach?

A

Geographic Information Systems.

21
Q

Describe in short Sensitivity Analysis

A

It is a model that asks what if questions to predict range of outcomes.Used when variable change frequently.

22
Q

What is a pivot table ?

A

It is part of excel that helps users analyze and understand patters.